Community Healthcare Trust (NYSE:CHCT) Price Target Cut to $18.00 by Analysts at Piper Sandler

Community Healthcare Trust (NYSE:CHCT - Free Report) had its price objective lowered by Piper Sandler from $19.00 to $18.00 in a research note published on Friday morning,Benzinga reports. The firm currently has a neutral rating on the real estate investment trust's stock.

Separately, Wall Street Zen upgraded Community Healthcare Trust from a "sell" rating to a "hold" rating in a report on Saturday, February 8th. Three equities research analysts have rated the stock with a hold rating and one has given a buy rating to the stock. According to MarketBeat, the stock has a consensus rating of "Hold" and a consensus target price of $21.00.

Community Healthcare Trust Price Performance

CHCT stock traded up $0.62 on Friday, hitting $16.47. 216,817 shares of the company were exchanged, compared to its average volume of 298,694. The stock has a market capitalization of $466.73 million, a price-to-earnings ratio of -71.61, a price-to-earnings-growth ratio of 1.28 and a beta of 0.74. Community Healthcare Trust has a twelve month low of $14.76 and a twelve month high of $27.62. The business's fifty day moving average is $16.66 and its two-hundred day moving average is $18.16.

Community Healthcare Trust (NYSE:CHCT - Get Free Report) last announced its quarterly earnings data on Tuesday, April 29th. The real estate investment trust reported $0.55 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.53 by $0.02. The company had revenue of $29.73 million during the quarter, compared to analysts' expectations of $29.71 million. Community Healthcare Trust had a negative net margin of 2.75% and a negative return on equity of 0.65%. Equities research analysts expect that Community Healthcare Trust will post 1.85 earnings per share for the current year.

Community Healthcare Trust Increases Dividend

The company also recently disclosed a quarterly dividend, which was paid on Friday, May 23rd. Investors of record on Friday, May 9th were paid a dividend of $0.47 per share. The ex-dividend date of this dividend was Friday, May 9th. This is a boost from Community Healthcare Trust's previous quarterly dividend of $0.47. This represents a $1.88 annualized dividend and a yield of 11.41%. Community Healthcare Trust's dividend payout ratio (DPR) is -606.45%.

Insiders Place Their Bets

In other news, Director Cathrine Cotman acquired 3,000 shares of the business's stock in a transaction that occurred on Wednesday, April 30th. The shares were purchased at an average cost of $17.10 per share, for a total transaction of $51,300.00. Following the transaction, the director now directly owns 23,861 shares in the company, valued at $408,023.10. This trade represents a 14.38% increase in their position. The acquisition was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this link. 5.10% of the stock is owned by corporate insiders.

Institutional Inflows and Outflows

A number of institutional investors have recently added to or reduced their stakes in CHCT. Signaturefd LLC raised its holdings in Community Healthcare Trust by 136.1% during the fourth quarter. Signaturefd LLC now owns 1,570 shares of the real estate investment trust's stock worth $30,000 after purchasing an additional 905 shares in the last quarter. Anchor Investment Management LLC bought a new stake in shares of Community Healthcare Trust in the 1st quarter worth $38,000. Quarry LP acquired a new stake in shares of Community Healthcare Trust in the fourth quarter valued at $88,000. KLP Kapitalforvaltning AS bought a new position in Community Healthcare Trust during the fourth quarter valued at about $108,000. Finally, GAMMA Investing LLC grew its holdings in Community Healthcare Trust by 2,866.5% during the first quarter. GAMMA Investing LLC now owns 6,556 shares of the real estate investment trust's stock worth $119,000 after acquiring an additional 6,335 shares during the period. Institutional investors and hedge funds own 87.84% of the company's stock.

About Community Healthcare Trust

Community Healthcare Trust Incorporated (the Company'', we'', our'') was organized in the State of Maryland on March 28, 2014. The Company is a fully-integrated healthcare real estate company that owns and acquires real estate properties that are leased to hospitals, doctors, healthcare systems or other healthcare service providers.